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Dec 19, 2012
12/12
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CNBC
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so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if you can get china and europe doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but t
so you have china engineering a soft landing and starting to recover. you have europe away from the brink. greece got upgraded today. who would have thought it. that is what the market is looking at. saying okay. it is not going to be the worst kcase sharcenario, but you coul extend the middle class tax cuts and be done with it. it is in a recession. >> and i think the market would not like that very much. everybody is expecting that you get the middle class tax cuts done. >> and if...
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197
Dec 21, 2012
12/12
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CNBC
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china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fiscal cliff equivalent, primarily in emerging markets. but nonpartisan analysts have pointed out that if we go over the cliff and take that $600 billion with it, we go back to recession. how do you justify going into stocks and going into all-time highs if we go back to recession? >> that assumes all else being equal, the problem is you look at europe, it's recoveri
china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another...
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Dec 30, 2012
12/12
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CNNW
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they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our ambassador chased him down the hallway and finally cornered him long enough to say we wanted to talk. two weeks later a chinese car flying the chinese flag arrived at our embassy and brings the ambassador saying, okay, i'm ready to talk. >> but the meetings met with little progress. in the summer of 1969 with lower bureaucratic channels broken down kissinger and nixon devised a plan to go straight to the top, right to chairman mao. during a trip to pakistan they asked the president to arrange the china connection. >> nothing happened for six mo
they would lean toward china. trouble was how to contact a regime whose very existence the united states denied? >> we came up with the idea that our ambassador in warsaw should walk up to the chinese ambassador at the next social event in which they were both present and ask for a meeting and say we wanted to talk. >> this was like a spy thriller. >> absolutely. so there was a yugoslav fashion show and they were both there. our ambassador walked over to the chinese and our...
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225
Dec 20, 2012
12/12
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CNBC
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eye 225
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china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it, michelle. thanks for trying to give me a straight answer. i'm sitting in the same chair i sit at in the morning. the big report on what happened in benghazi came out late last night and it seemed to go to great luns. >> they were mid level, right? >> yrks joe, they took the fall. from my information, i want to emphasize bend has been ongoing information. this state did and right now the people leaving the state department are victims of the government's need to cover up the larger story, that the security at the benghazi mission and it was a with the cia was about recruiting, arming, funding and transferring artists to
china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it,...
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540
Dec 29, 2012
12/12
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KGO
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eye 540
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if you don't visit your aging parents, you face a fine in china. the law is meant to give neglected parents grounds to take their grown children to court. china is facing a huge hurdle in caring for its aging population. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, this year's celebration will pay tribute to the man who got the party started, first began hosting from times square in 1974. when we come back, we remember dick clark and so many american greats, americans who soared to amazing heights, others who gave us a "last dance," after a fapelts scene with his mother. s- you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and
if you don't visit your aging parents, you face a fine in china. the law is meant to give neglected parents grounds to take their grown children to court. china is facing a huge hurdle in caring for its aging population. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, this year's celebration will pay tribute to the man who got the party started, first began hosting from times...
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93
Dec 30, 2012
12/12
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FBC
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eye 93
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you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the united states in the future, which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies. >> that's absolutely right. apple and microsoft, for example, benefited early on from highncome individuals pumping and a few hundred thousand dollars to help those companies get started and grow. those high income people could alternively put their money in and say tax-free muni bonds. if we raise the capital gains tax rates, which people are going to say, i'd rather put my money in state muni bonds. i'm not i am not going to fund these risky growth companies, which would be terrible for the overall economy. gerri: i think your best argument is lower capital gains means more jobs. i think that is
you're getting from your company years down the road will be taxed at 30%, or would you started in china or india where the capital gains tax rate is zero? many of our major partners have zero capital gains tax rates. if you are an entrepreneur or an investment and growth company, you would rather put your money there than in the united states in the future, which is really unfortunate. gerri: okay, let's talk about companies a little bit here. these tax rates are critical to growing companies....
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90
Dec 29, 2012
12/12
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FBC
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eye 90
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we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not. you are between three and $4 a gallon. it is not just about melt. this is a food cliff. we talk about the finan
we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt...
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133
Dec 12, 2012
12/12
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CNBC
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eye 133
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and the non china business. and they reiterated their positive views on the stock. $17 what the stock is now. so now you know what we've got. we have a genuine home spun face off with a pack of bears duking it out against a whole posy of bulls. which group is right about yum? sell sell sell. we know the business is turned around. taco bell, haven't been there lately? hearing good things. all of the overseas business is still growing like crazy. the chinese business is so big that it accounts for 45% of the company's profits. the latest decline of the same store sales is permanent. they got sick of kentucky fried chicken and pizza hut. it seems as if the colonel may have gotten busted down to private. and i'm calling it a bump but a severe bump in the road. it is true that they are facing margin pressure. the so called tier one cities. 4% decline in same store sales is not a good thing. and there is no doubt newfound competition among chicken houses. however, yum is dealing, you know with the first issue by shift
and the non china business. and they reiterated their positive views on the stock. $17 what the stock is now. so now you know what we've got. we have a genuine home spun face off with a pack of bears duking it out against a whole posy of bulls. which group is right about yum? sell sell sell. we know the business is turned around. taco bell, haven't been there lately? hearing good things. all of the overseas business is still growing like crazy. the chinese business is so big that it accounts...
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Dec 30, 2012
12/12
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CNNW
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. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight. we hope your decision to watch our show was not a tough one. >> you are in the cnn news room, i'm martin savidge, in this weekend for fredricka witfield. this hour and throughout the day we're following breaking developments on a story that affects every single american. yes i'm talking about the fiscal cliff. hello, good to be with you. we are just two days now remaining that is, until the countdown clock and the pressure is mounting on lawmakers to get a deal done. both houses of congress are back in session this sunday ready to vote on a plan that senate leaders are trying to hammer out right now. if a deal isn't
. >> richard nixon said when he went to china with you of course in '72, the week he was there, he said this is the week that changed the world. >> he was right. >> well those were some of the tough decisions we wanted to analyze. do you agree with the choices these people made? what are the toughest decisions you have made? join in the conversation online. #toughdecisions on twitter. we'll highlight the most interesting ones on our website. thank you for joining us tonight....
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78
Dec 29, 2012
12/12
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FBC
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eye 78
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we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year al
we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes...
84
84
Dec 29, 2012
12/12
by
FBC
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eye 84
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we are basically funding wh that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fosudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at adircopd.com. i don't have to leave my de and get up and go to the
we are basically funding wh that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to hp significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung...
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60
Dec 29, 2012
12/12
by
FBC
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eye 60
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we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guessam on the naughty list again? ho ho ho! pizza hut's $10 any pizza on deal is back.ist again? any pizza, toppings, sis. ...ten bucks. the meat lover's pizza. ...ten bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on.
we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any...
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74
Dec 27, 2012
12/12
by
FBC
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eye 74
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write more miles and take advantage of the airlines double miles on his programs and recently i flew to china just about three weeks ago for the weekend with my wife and other trip out she achieved elite status and on the way back she got tier three. how my family completely upgrade for really the next 14 months when only i could upgrade my daughter before. gerri: i know somebody who used to go to new york and a fake is back and forth to drive miles. >> all sorts of things, credit cards are making offers, airlines making offers for american airlines face with her in the last few months doubling up everybody with elite status already. the bottom line is you have to be a member of a social circle, what i call the flyer talkers, mileage runners, you will find an entire underground community with literally dozens of tips on how to maximize your miles for using miles. there are at least 50 different tips to do a different deal. getting elite travelers to combat the airlines. having trouble with the way things flying has been. gerri: the other thing is to take cheap trips on a whim and i can guess
write more miles and take advantage of the airlines double miles on his programs and recently i flew to china just about three weeks ago for the weekend with my wife and other trip out she achieved elite status and on the way back she got tier three. how my family completely upgrade for really the next 14 months when only i could upgrade my daughter before. gerri: i know somebody who used to go to new york and a fake is back and forth to drive miles. >> all sorts of things, credit cards...
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127
Dec 23, 2012
12/12
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MSNBCW
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romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're afraid because of budget purposes that they will not come out of that hospital. >> don't go trying to track down statistics about involuntary euthanasia in the netherlands. you will find no such facts. now, to harry reid. he made the rounds saying that mitt romney didn't pay taxes for ten years. >> the word is out that he hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to t
romney said jeep was shipping american joshs over to jobs over to china and the one from the superpac that seemed to blame bain capital for the death of this workers life. enter, rick santorum. >> euthanasia in the netherlands, but half the people who are euthanized, it's 10%. of all deaths, half of those people are euthanized involuntarily at hospitals so they are older and sick. and so elderly people in the netherlands don't go to hospital. they go to another country because they're...
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114
Dec 21, 2012
12/12
by
CNBC
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eye 114
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we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days after the fed made its announcement is whether or not that will prick the bond bubble. where whether we are in a bond bubble or whether there was a bond bubble. where do you stand on that? >> it's interesting. when i think after bubble, i think of someth
we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these...
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274
Dec 28, 2012
12/12
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WBAL
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. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his stunt kicks are so much fun to watch, he snagged more than 1 million youtube hits. he also has the attention of the nfl here at home, earning himself a tryout with the new york jets. good luck to him. >>> and we're back in a moment with our "making a difference" report. a new generation preserving a rich musical tradition. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm
. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his...
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165
Dec 24, 2012
12/12
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CSPAN2
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eye 165
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china uses amorphous silicone. so he decided, well, look, the price of silicone is probably going to go up as it becomes more and more is and more in demand, so, therefore, we should invest many this new technology. well, that's not what happened. the price of silicone came crashing down, and along with it solyndra's entire business model and along with it your $500 million. so that's bad decision number one. subsidizing technology when you should be subsidizing basic research. i am completely in favor of subsidizing basic research. i think that's an appropriate role for government. but once the technology launches into the marketplace, that's when the federal government should pack off and say, look, you have to make it on your own at this point. at some point solar power's going to be the energy of the future, the technology's just not quite there yet. maybe 10, 20 years from now. so "the washington post" basically said i'm not going to read this whole quote here, but the end of the line is that it gave an unprec
china uses amorphous silicone. so he decided, well, look, the price of silicone is probably going to go up as it becomes more and more is and more in demand, so, therefore, we should invest many this new technology. well, that's not what happened. the price of silicone came crashing down, and along with it solyndra's entire business model and along with it your $500 million. so that's bad decision number one. subsidizing technology when you should be subsidizing basic research. i am completely...
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86
Dec 27, 2012
12/12
by
FBC
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eye 86
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you mentioned china, that's probably our biggest customer, i would imagine. there are different types of coal. i don't want to get too technical. >> there's two types of coal -- coal, coal used to make electricity and the coal we sell to european asian latin american utilities, that we expect to increase the demand from the rest of the world. secondly the steel making coal which is used in europe brazil and in asia and we are one of the top three exporters of that coal in the world, and as the recovery in steel production increases in asia and in europe and latin america, that should be better for demand for that coal and hopefully pricing and really benefits most of the coal companies. ashley: steel prices firming as well. >> it seems that way, yes. ashley: the epa has been tough on the coal industry. >> you have said it, yeah. ashley: does that have an impact? >> it has. you know, certainly the equities were discounting a romney victory back in november. got hit pretty hard afterwards. now the stocks are back to where it was prior to the election. in my vie
you mentioned china, that's probably our biggest customer, i would imagine. there are different types of coal. i don't want to get too technical. >> there's two types of coal -- coal, coal used to make electricity and the coal we sell to european asian latin american utilities, that we expect to increase the demand from the rest of the world. secondly the steel making coal which is used in europe brazil and in asia and we are one of the top three exporters of that coal in the world, and...
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48
Dec 29, 2012
12/12
by
FBC
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eye 48
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we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried abou
we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how u ask? with 5-hour energy. i get hours of...
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99
Dec 4, 2012
12/12
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CSPAN2
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eye 99
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this is not -- in south china sea, china is trying to advance. with the philippines and vietnam and other countries. they claim the islands at least in south china sea. east china sea there is an issue with japan. and from japan, -- [inaudible] the taiwan, the philippines, this is called -- from the viewpoint of china. violence exists in the pacific. china openly express their strong interest in the maritime security and also the territory along those islands. so these china sea, this is not isolated when. this is a kind of china military strategy to advance. >> that's an important point. which are basically saying this is about power. and a powerful which china is going to become more powerful. they are powerful to write history. we write history. you are seeing lines challenge, and i remember talking to george soros once when, after he so go the back of england, wrote the bank of england and what he saw as a hedge fund manager as a chance to basically drive so hard against the line that fundamentally the institutional power on the bank of engla
this is not -- in south china sea, china is trying to advance. with the philippines and vietnam and other countries. they claim the islands at least in south china sea. east china sea there is an issue with japan. and from japan, -- [inaudible] the taiwan, the philippines, this is called -- from the viewpoint of china. violence exists in the pacific. china openly express their strong interest in the maritime security and also the territory along those islands. so these china sea, this is not...
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224
Dec 27, 2012
12/12
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CNNW
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eye 224
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. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number 2. >> cnn projects that barack obama will be reelected president of the united states. >> the next. more than just about obama and romney. it was about socialism and capitali capitalism, about what kind of role government should have in your life. >> number 1 is the fiscal c
. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed...
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you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still five days away from falling off the proverbial fiscal cliff and wall street, like everybody else, is waiting for some kind of a solution here, and as you can see by today's numbers the waiting game continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, frac
you could do it, if you lived in china. once again, america's proof we are falling behind in infrastructure. thanks for watching "street signs." i'll send it to "closing bell." >> and hello again, everybody. welcome to the "closing bell." i'm mandy drury sitting in for maria bartiromo. happy boxing day as well. >> christmas is over but mandy has been celebrating boxing day all day. we didn't get any presents from lawmakers in washington yet. we're still...
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. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting human rights? the trade off that we'll get here. the law gets passed and human rights violators in russia can't come year and now 1,000 children don't come to the united states and people who want them don't get them. >> my personal view, no. they're glad to take our money and they've long had to put their money overseas, but they do not want human rights promotion and we've seen that inside russia and we've seen that against the crockdown on the internet and this is just the latest interaction of the series of things going back for more than a year against the political opposition and what they see is the u.s.-sponsored
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting...
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in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of the world but promoting war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a video to reassure those who need it. it's titled "why the world didn't end yesterday." the president of russia vladimir putin put new distance today between his government and the regime in syria. in his annual news conference, putin insisted his country is not protecting syrian president bashar assad. he urged assad to hold talks with the opposition, and negotiate an end to the bloodshed. >> ( translated ): we are not concerned about the fate of assad's regime. we understand what is going on there and that his family has been in power for 40 years. the changes are undoubtedly needed. we are worried
in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of the world but promoting war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a...
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check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
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even china, the north's closest ally, says it regrets the launch and is urging north korea to put a stop to its missile program. japan says the launch is unacceptable. norad says it appeared to have put a satellite into orbit which would be a huge breakthrough for the north koreans. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble empty
even china, the north's closest ally, says it regrets the launch and is urging north korea to put a stop to its missile program. japan says the launch is unacceptable. norad says it appeared to have put a satellite into orbit which would be a huge breakthrough for the north koreans. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer...
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i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually support the act which when you consider it it's not a majority, but coming from a country that's often anti-american and public opinion that's really significant. >> when putin was signing the thing he said, so what if the living standards in other countries are better than ours? so what? i don't care. should we all move there? he doesn't really care. >> well, actually what he's touching on is another debate, a demographic debate which he is very worried about that many russians, young russians are leaving the country. russia's population is in decline. what president obama should do is stick to his g
i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually...
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if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal deal. the fed has to change its policy because both are imprudent and unsustainable over time. >> right. >> one of the most successful physical consolidations in the developed, democratic world in canada, in the mid 1990's, and i ask the canadian politicians how did you do it? the public went from cheering on spending to deficits within a matter of a year or two. the government in canada now risks some peril if they do not balance their budget. the answer you most frequently get is all they had to do was say, 40% of revenues was going to pay the interest bill on the canadian debt, and the public immediately realized that was not a great idea. we cannot make that argument. we run these massive defici
if you look at china in particular, they are looking for corporate bonds rather than u.s. treasury securities because they do not like what they see. we are living on borrowed time. we have created another bubble. my view is the reason the fed is doing that is because the mandate was changed in the late 70's to where they have to be concerned with unemployment. we need a fiscal deal. the fed has to change its policy because both are imprudent and unsustainable over time. >> right....
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don't you think that is worse than a crack about jeeps shipped to china? the politifact lie of year award should go to politifact. congrats. covering up "o"'s mistake is you considered journalism? a few more dead an you'd get the liar's achievement award. susan rice removed her name. i didn't know you could do that. i could theoretically remove my name from the strawberry cake ambassadorship. >> dana: every day i could make an announcement i am going to withdraw my name for the hello kitty ambassadorship at times square. i don't know if you see them. they try to recruit me. >> andrea: miss universe. >> dana: i understand they want the news fight and why they go against the republicans, the mean guys. here is the thing. it wasn't just about benghazi she was not looked at to be the next best secretary of state. it's a moderate senator. senator collins saying i'm not for this. several reasons. president obama lost his first political gamble of a second term. then they are magnifying it, making a big announcement. she is doing exclusive interview tonight with
don't you think that is worse than a crack about jeeps shipped to china? the politifact lie of year award should go to politifact. congrats. covering up "o"'s mistake is you considered journalism? a few more dead an you'd get the liar's achievement award. susan rice removed her name. i didn't know you could do that. i could theoretically remove my name from the strawberry cake ambassadorship. >> dana: every day i could make an announcement i am going to withdraw my name for the...
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china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too much as a technical topic. not as a fundamental topic about the relations of the states. in my experience, i always say the chinese leadership, the most distinctive characteristic is they are systematically opened. that is to say the modus operandi is on a particular topic, let's look for the best ideas throughout the world, bring them back, study them, and then customize them as appropriate for our own system. and yet in this one respect, they have been a little bit slow. we had this conversation 10 years ago. now, i will stic
china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too...
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more departure of high-tech immigrants from the united stateseturning home to china. lou: democrats to feed the stamp act, science, technology, engineering, and mathematics. immigrts into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my god. d they do so rejecting that law, that bill and prevent it from becoming law because they want to have a lottery. for crying out loud. the absurdities compound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal t rates. the already rich -- lou: whatabout the young man or woman in this country who is not an entrepreneur, is not a bg shot, is not in middle management in a big corporation. they won a break. they won an opportunity. they
more departure of high-tech immigrants from the united stateseturning home to china. lou: democrats to feed the stamp act, science, technology, engineering, and mathematics. immigrts into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my god. d they do so rejecting that law, that bill...
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what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting better as well. >> susie: thank you very much, mike, mike holland and holland and company. and tomorrow tonight, we'll have more analysis on the fed decision. mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employ
what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting...
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in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like william sonoma and home depot, names that did a great job investing in the supply change, a name like american eagle stands out in that regard. those are probably our top picks heading into 2013. >> jay, what would you avoid? >> anything that's a commoditized retailer. you'll get killed by amazon and other low-cost providers, names like best buy, barnes & noble, any of the office guys. i think most of those names are dead in the water right now and definitely names to avoid at this point. >> dana, any names we missed from you? >> i think you got the names. the key thing for 2013, we need the stability, and we need some de
in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you've had the big conglomerates vogue down their rate and new store openings. watch profitability for luxury companies in 2013. >> okay. r.j., break it down. who do you like for next year? >> in addition to costco and amazon, i like some of the late cycle discretionary plays especially when we see the housing market improve, names like...
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the coal producers, shipping coal over to china. if i'm looking for money, i'm looking at you guys for money. don't you expect the president or congress or somebody to put the squeeze on you to find some way increasings revenues from energy production? >> well, look, they're going to being seeking revenues from wherever they can get them. it would be such a misguided approach to try and do that, david. we consume fuel. we don't create it or sell it. here's the issue. in 1960s or so, about 20% of gdp was driven by electricity. now it is about 60%. i talked before the commercial break about growth capital. think about electricity or energy broadly as growth capital. it is fueling a renaissance of manufacturing in america. why in the world would you want to tax energy that is going to serve to fuel our economic growth? david: why in the world they would want to do a lot of things cutting down growth. got to leave it at that, thomas fanning, southern company ceo and president. shibani: adam shapiro will be out of d.c. on "money" you kno
the coal producers, shipping coal over to china. if i'm looking for money, i'm looking at you guys for money. don't you expect the president or congress or somebody to put the squeeze on you to find some way increasings revenues from energy production? >> well, look, they're going to being seeking revenues from wherever they can get them. it would be such a misguided approach to try and do that, david. we consume fuel. we don't create it or sell it. here's the issue. in 1960s or so, about...
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things like europe, the european debt crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the pain. they're not filling empty positions. it's already -- it has been starting to affect companies for probably, you know, at least the past quarter already. >> okay. thank you, joy, and thank you leigh. remember, president obama is going to make a statement on the fiscal cliff talks at 5:45 eastern time and msnbc will provide live coverage. until then, chris matthews is up next with the best "sideshow" moments of the year and the nra's best excuses for standing in the way of any and all reasonable restrictions on guns. this is "hardball," the place for politics. to the best vacation spot on ea
things like europe, the european debt crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the...